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Medicare Vs

Medicare and Medicaid are two large public health insurance programs in the United States. [1] Medicare provides health insurance coverage primarily for people aged 65 and older as well as those with disabilities, while Medicaid provides coverage for low-income individuals including children, parents, pregnant women, and people with disabilities. [2] Medicare is funded primarily through payroll taxes and premiums while Medicaid is funded jointly by states and the federal government. [3] Both programs were expanded under the Affordable Care Act, with Medicaid now covering more low-income individuals in participating states.

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57 views1 page

Medicare Vs

Medicare and Medicaid are two large public health insurance programs in the United States. [1] Medicare provides health insurance coverage primarily for people aged 65 and older as well as those with disabilities, while Medicaid provides coverage for low-income individuals including children, parents, pregnant women, and people with disabilities. [2] Medicare is funded primarily through payroll taxes and premiums while Medicaid is funded jointly by states and the federal government. [3] Both programs were expanded under the Affordable Care Act, with Medicaid now covering more low-income individuals in participating states.

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Medicare Vs.

Medicaid Overview

Population Funding Source of ACA Pays for


Served Source Control Changes Long-Term
Care?

Medicaid Categorical FMAP State For states YES


eligibility by (Federal government participating
income for Match of with federal in Medicaid
children, State Funds) guidelines expansions,
pregnant anyone up to
women, 133% FPL
parents, and (federal
those with poverty level)
disabilities will be edible
for coverage

Medicare Adults ages Social Federal Higher NO


65 and older; Security government deductions
also persons payroll tax, from
with certain premiums, paycheck for
life-long general persons with
disabilities revenue higher
income

Resources:
https://www.google.com/search?q=medicare+vs +medicaid+chart&client=safari&hl=en-us&pr
md=inv&source=lnms&tbm=isch&sa=X&ved=2ahUKEwjC3-
606IvhAhWXyIMKHW4PDBwQ_AUoAXoECAwQAQ&biw=1024&bih=666#imgrc=xYm02De0PX
J6lM

https://www.investopedia.com/articles/personal-finance/081114/medicaid-vs-medicare.asp

https://money.usnews.com/money/personal-finance/family-finance/articles/medicare-vs-
medicaid

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